Hottest Rental Markets

[Alex Balan]

What are the most profitable rental markets across the country and why? I am looking to invest in single family or multi family homes and, since my local market in SW FL is pretty expensive, I am considering looking at markets across the country. I would like to purchase several properties that could generate monthly income and reinvest that income into more properties.

I have hear of several cities in Kansas, Ohio and Tenn but I would like to know why those markets are hot right now in order to make an educated decision as to whether they will continue to be a steady source of renters in years to come.

[Josh Oaten]

@Alex Balan

It all depends on what you are looking for. Midwest states are going to be a lot cheaper than coastal cities generally on the purchase, but rents are going to be a lot less than coastal markets. 

In Phoenix we are seeing around 7% rent increases YoY which is extremely strong nationwide, but the entry prices to purchase is pushing north and the line up to buy is like 5 deep.

Take a look at @David Thompson recent article. It goes over what to look for in markets and some markets he likes for 2019 https://www.biggerpockets.com/member-blogs/9145/83...